Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.

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Tuesday, September 28, 2010

Following Brazil's comments of a currency war gong on, ubiquitous Noriel Roubini says that there risks of a trade war between the US and China have escalated. UNR now has a twitter account in which he seems to be quite active. We also know now that he uses a Blackberry.

China misplayed his currency hand, faking RMB flexibility but barely moving it & seriously antagonizing the US. Risk of trade war now high
about 12 hours ago via Twitter for BlackBerry®

ASEAN members - whose currencies have risen vs US $ - unhappy with Chinese currency stall but unwilling to challenge China in public